Intelligent Spend Management and Industry Business Networks

Understanding the behavior and correlation of the operating and non-operating cost is a must for any CFO to improve the performance and profitability of the company.

Procurement and contingent workforce represent an important portion of the total cost that financial institutions must manage. Sourcing a key element to help reduce these costs.

During this session you will have the opportunity to discuss which factors influence these cost positions and which challenges companies face trying to manage them, like as to learn how SAP supports companies to intelligently manage spend and increase efficiency.

Additionally, we will discuss how the evolution of the business networks enables new business models like Embedded Financials and how SAP brings enterprises together into a global business network which improves Efficiency and guarantees Transparency, Resiliency and Sustainability.

• Holistic view: understanding cost drivers and cost correlation
• Cost drivers: cost reduction and intelligent spend
• Business value and impact of intelligent spend management
• Some examples: Procurement and Contingent Workforce
• Evolution of the business networks enables new business models